Guideline Value for S.B. BRINDHAVAN PHASE-IV

S.B. Brindhavan Phase-IV guideline value

The current guideline value of S.B. Brindhavan Phase-IV is Rs 130 per sq.ft. This property is located in Melmaligaipattu village under the Arani_Tiruvallur SRO, classified as Residential Class III Type - I.

How the guideline value of S.B. Brindhavan Phase-IV has changed

The guideline value for S.B. Brindhavan Phase-IV has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 130 per sq.ft, which is the same as the 2023 revision. Prior to this, the 2017 revision recorded a value of Rs 87 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the changes in property valuation over this period.

Guideline values in Melmaligaipattu

In Melmaligaipattu, there are four streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 130 per sq.ft. The median value for these streets is Rs 115 per sq.ft, placing S.B. Brindhavan Phase-IV above this median.

• Shakthi Nagar: Rs 100 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 100 per sq.ft (2024)
• Lakshmi Yoga Ganapathy Nagar: Rs 130 per sq.ft (2024)

Stamp duty and registration fee for property in S.B. Brindhavan Phase-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 130 per sq.ft, the total guideline value would be Rs 1,30,000. The stamp duty, calculated at 7%, would amount to Rs 9,100, while the registration fee at 2% would be Rs 2,600. Together, these fees would total Rs 11,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers S.B. Brindhavan Phase-IV?

The S.B. Brindhavan Phase-IV is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Melmaligaipattu

The guideline value plays a crucial role in the registration process when buying or selling property in Melmaligaipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is taken into consideration to ensure that the appropriate fees are calculated based on either the guideline value or the sale price, whichever is higher. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of S.B. Brindhavan Phase-IV?

The current guideline value of S.B. Brindhavan Phase-IV is Rs 130 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 87 per sq.ft in 2017 to Rs 130 per sq.ft in 2024, reflecting a 49% increase overall during this period.

Are there any years without a guideline value for this street?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for S.B. Brindhavan Phase-IV.

What are the other streets in Melmaligaipattu with their guideline values?

Other streets in Melmaligaipattu include Shakthi Nagar and Mahalakshmi Nagar at Rs 100 per sq.ft, and Lakshmi Yoga Ganapathy Nagar at Rs 130 per sq.ft for the year 2024.

Where is the Arani_Tiruvallur Sub Registrar Office located?

The Arani_Tiruvallur Sub Registrar Office is located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101.